NYSE:GLW

Corning Stock Forecast, Price & News

$41.05
-0.41 (-0.99 %)
(As of 06/15/2021 03:52 PM ET)
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Today's Range
$40.89
$41.66
50-Day Range
$41.46
$46.25
52-Week Range
$25.10
$46.82
Volume274,772 shs
Average Volume4.09 million shs
Market Capitalization$34.95 billion
P/E Ratio31.58
Dividend Yield2.22%
Beta1.16
30 days | 90 days | 365 days | Advanced Chart
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Corning logo

About Corning

Corning Incorporated engages in display technologies, optical communications, environmental technologies, specialty materials, and life sciences businesses worldwide. The company's Display Technologies segment offers glass substrates for liquid crystal displays and organic light-emitting diodes used in televisions, notebook computers, desktop monitors, tablets, and handheld devices. Its Optical Communications segment provides optical fibers and cables; and hardware and equipment products, including cable assemblies, fiber optic hardware and connectors, optical components and couplers, closures, network interface devices, and other accessories for various carrier network applications. This segment also offers operator-grade distributed antenna systems; optical network evolution wireless platform; subscriber demarcation, connection and protection devices, various digital subscriber line passive solutions, and outside plant enclosures; and coaxial RF interconnects for the cable television industry and microwave applications. The company's Environmental Technologies segment offers ceramic substrates and filter products for emissions control in mobile, gasoline, and diesel applications. Its Specialty Materials segment manufactures products that provide material formulations for glass, glass ceramics, and fluoride crystals. The company's Life Sciences segment offers laboratory products comprising consumables, such as plastic vessels, specialty surfaces, cell culture media, and serum, as well as general labware and equipment under the Corning, Falcon, Pyrex, and Axygen brands. The company was formerly known as Corning Glass Works and changed its name to Corning Incorporated in April 1989. Corning Incorporated was founded in 1851 and is headquartered in Corning, New York.

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MarketRank

Overall MarketRank

1.99 out of 5 stars

Computer And Technology Sector

96th out of 1,586 stocks

Nonferrous Wiredrawing & Insulating Industry

1st out of 6 stocks

Analyst Opinion: 1.4Community Rank: 2.5Dividend Strength: 2.5Insider Behavior: 1.7Valuation: 1.9 5 -4 -3 -2 -1 -
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Corning (NYSE:GLW) Frequently Asked Questions

Is Corning a buy right now?

10 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Corning in the last year. There are currently 2 hold ratings and 8 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" Corning stock.
View analyst ratings for Corning
or view top-rated stocks.

What stocks does MarketBeat like better than Corning?

Wall Street analysts have given Corning a "Buy" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Corning wasn't one of them. MarketBeat thinks these five companies may be even better buys.
View MarketBeat's top stock picks here.

When is Corning's next earnings date?

Corning is scheduled to release its next quarterly earnings announcement on Tuesday, July 27th 2021.
View our earnings forecast for Corning
.

How were Corning's earnings last quarter?

Corning Incorporated (NYSE:GLW) announced its quarterly earnings results on Tuesday, April, 27th. The electronics maker reported $0.45 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $0.43 by $0.02. The electronics maker earned $3.29 billion during the quarter, compared to analysts' expectations of $3.11 billion. Corning had a net margin of 9.89% and a trailing twelve-month return on equity of 13.66%. Corning's quarterly revenue was up 37.6% compared to the same quarter last year. During the same quarter last year, the company earned $0.20 earnings per share.
View Corning's earnings history
.

How has Corning's stock price been impacted by Coronavirus?

Corning's stock was trading at $23.15 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, GLW shares have increased by 77.2% and is now trading at $41.03.
View which stocks have been most impacted by COVID-19
.

How often does Corning pay dividends? What is the dividend yield for Corning?

Corning announced a quarterly dividend on Friday, April 30th. Investors of record on Friday, May 28th will be paid a dividend of $0.24 per share on Tuesday, June 29th. This represents a $0.96 annualized dividend and a yield of 2.34%. The ex-dividend date of this dividend is Thursday, May 27th.
View Corning's dividend history
.

Is Corning a good dividend stock?

Corning pays an annual dividend of $0.96 per share and currently has a dividend yield of 2.22%. Corning does not yet have a strong track record of dividend growth. The dividend payout ratio of Corning is 69.06%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Corning will have a dividend payout ratio of 40.51% next year. This indicates that Corning will be able to sustain or increase its dividend.
View Corning's dividend history.

What guidance has Corning issued on next quarter's earnings?

Corning updated its second quarter 2021 earnings guidance on Tuesday, May, 4th. The company provided earnings per share guidance of 0.490-0.530 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.480. The company issued revenue guidance of $3.30 billion-$3.50 billion, compared to the consensus revenue estimate of $3.24 billion.

What price target have analysts set for GLW?

10 analysts have issued 12 month price objectives for Corning's stock. Their forecasts range from $26.00 to $55.00. On average, they anticipate Corning's stock price to reach $42.00 in the next twelve months. This suggests a possible upside of 2.4% from the stock's current price.
View analysts' price targets for Corning
or view top-rated stocks among Wall Street analysts.

Who are Corning's key executives?

Corning's management team includes the following people:
  • Mr. Wendell P. Weeks, Chairman & CEO (Age 61, Pay $9.05M)
  • Mr. Eric S. Musser, Pres & COO (Age 61, Pay $2.64M) (LinkedIn Profile)
  • Mr. R. Tony Tripeny, Exec. VP & CFO (Age 62, Pay $2.52M) (LinkedIn Profile)
  • Mr. Lawrence D. McRae, First Vice Chairman & Corp. Devel. Officer (Age 62, Pay $2.76M)
  • Mr. James P. Clappin, Second Vice Chairman & Strategic Advisor to the CEO (Age 64, Pay $2.78M)
  • Dr. David L. Morse, Exec. VP & CTO (Age 69) (LinkedIn Profile)
  • Ms. Anne Elizabeth Mullins, Sr. VP and Chief Digital & Information Officer (Age 58) (LinkedIn Profile)
  • Mr. Lewis A. Steverson, Exec. VP and Chief Legal & Admin. Officer (Age 57) (LinkedIn Profile)
  • Ms. Ann H. S. Nicholson, VP of Investor Relations (LinkedIn Profile)
  • Kevin G. Corliss, VP of Global Employee Relations & Chief Compliance Officer

What is Wendell P. Weeks' approval rating as Corning's CEO?

413 employees have rated Corning CEO Wendell P. Weeks on Glassdoor.com. Wendell P. Weeks has an approval rating of 79% among Corning's employees.

Who are some of Corning's key competitors?

What other stocks do shareholders of Corning own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Corning investors own include Intel (INTC), Cisco Systems (CSCO), NVIDIA (NVDA), AT&T (T), QUALCOMM (QCOM), Micron Technology (MU), Advanced Micro Devices (AMD), General Electric (GE), The Walt Disney (DIS) and Johnson & Johnson (JNJ).

What is Corning's stock symbol?

Corning trades on the New York Stock Exchange (NYSE) under the ticker symbol "GLW."

Who are Corning's major shareholders?

Corning's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (6.36%), Price T Rowe Associates Inc. MD (1.98%), Geode Capital Management LLC (1.51%), Ameriprise Financial Inc. (1.41%), Primecap Management Co. CA (1.38%) and Janus Henderson Group PLC (1.19%). Company insiders that own Corning stock include Christine M Pambianchi, Clark S Kinlin, David L Morse, Deborah Rieman, Display Co Ltd Samsung, Edward A Schlesinger, Eric S Musser, Hansel E Tookes II, John P Bayne Jr, John Z Zhang, Lawrence D Mcrae, Lewis A Steverson, Li Fang, Martin J Curran, Michael Alan Bell, R Tony Tripeny, Robert P France, Roger W Jr Ferguson, Stefan Becker and Wendell P Weeks.
View institutional ownership trends for Corning
.

Which institutional investors are selling Corning stock?

GLW stock was sold by a variety of institutional investors in the last quarter, including Loomis Sayles & Co. L P, Franklin Resources Inc., Morgan Stanley, Janus Henderson Group PLC, Sumitomo Mitsui Trust Holdings Inc., Primecap Management Co. CA, Price T Rowe Associates Inc. MD, and Towerview LLC. Company insiders that have sold Corning company stock in the last year include Clark S Kinlin, David L Morse, Display Co Ltd Samsung, Edward A Schlesinger, Eric S Musser, John P Bayne Jr, John Z Zhang, Lawrence D Mcrae, Lewis A Steverson, Li Fang, Martin J Curran, Michael Alan Bell, R Tony Tripeny, Robert P France, Stefan Becker, and Wendell P Weeks.
View insider buying and selling activity for Corning
or view top insider-selling stocks.

Which institutional investors are buying Corning stock?

GLW stock was acquired by a variety of institutional investors in the last quarter, including BlackRock Inc., Holocene Advisors LP, Arrowstreet Capital Limited Partnership, Envestnet Asset Management Inc., AGF Investments Inc., Nuveen Asset Management LLC, Neuberger Berman Group LLC, and Robeco Schweiz AG.
View insider buying and selling activity for Corning
or or view top insider-buying stocks.

How do I buy shares of Corning?

Shares of GLW can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Corning's stock price today?

One share of GLW stock can currently be purchased for approximately $41.03.

How much money does Corning make?

Corning has a market capitalization of $34.93 billion and generates $11.30 billion in revenue each year. The electronics maker earns $512 million in net income (profit) each year or $1.39 on an earnings per share basis.

How many employees does Corning have?

Corning employs 50,110 workers across the globe.

Does Corning have any subsidiaries?

The following companies are subsidiares of Corning: 3M Communication, Alliance Fiber Optic Products Inc., Axygen BioScience Inc., Axygen Holdings Corporation, Axygen Inc., CCS Holdings Inc., Chengdu Honing Display Glass Co. Ltd., Corning (Hainan) Optical Communications Co. Ltd., Corning (Shanghai) Co. Ltd., Corning B.V., Corning China (Shanghai) Regional Headquarter, Corning Display Technologies (China) Co. Ltd., Corning Display Technologies (Chongqing) Co. Ltd., Corning Display Technologies (Guangzhou) Co. Ltd., Corning Display Technologies (Hefei) Co. Ltd., Corning Display Technologies (Wuhan) Co. Ltd., Corning Display Technologies Taiwan Co. Ltd., Corning Environmental Technologies (Hefei) Co. Ltd., Corning Finance B.V., Corning Finance Luxembourg S.à.r.l., Corning GmbH, Corning Holding GmbH, Corning Hungary Data Services Limited Liability Company, Corning International Corporation, Corning International Luxembourg S.à.r.l., Corning International Netherlands B.V., Corning Japan K.K., Corning Luxembourg S.à.r.l., Corning NetOptix Inc., Corning Oak Holding LLC, Corning Optical Communications GmbH & Co. KG, Corning Optical Communications Holding Co. Inc., Corning Optical Communications LLC, Corning Optical Communications Polska Sp.zo.o., Corning Optical Communications Pty. Ltd, Corning Optical Communications RF LLC, Corning Optical Communications Vermoegensverwaltungsgesellschaft mbH, Corning Optical Fiber Cable (Chengdu) Co. Ltd., Corning Pharmaceutical Glass LLC, Corning Precision Materials Co. Ltd., Corning Property Management Corporation, Corning Research & Development Corporation, Corning SAS, Corning SK Luxembourg S.a r.l., Corning Singapore Holdings Private Limited, Corning Specialty Materials Inc., Corning Technologies (H.K.) Limited, Corning Technologies India Private Limited, Corning Technologies SARL, Corning Telecommunications Luxembourg S.à.r.l., Corning Tropel Corporation, Corning Ventures France SAS, Corning Ventures S.à.r.l., DC HSC Holdings LLC, Discovery Labware Inc., Eurokera (Thailand) Limited, Eurokera Guangzhou Co. Ltd., Eurokera North America Inc., Eurokera S.N.C., Gerresheimer AG, Hemlock Semiconductor L.L.C., Keraglass S.N.C., Mediatech Inc., MobileAccess Networks, Phoenix Venture Partners II LP, Photonics Technology Research Center, STRAN Technologies, Saint-Gobain Corning Automotive Glazing S.N.C., Samsung Corning Advanced Glass LLC, SpiderCloud Wireless, TR Manufacturing LLC, US Conec Ltd., Xianyang Honing Display Glass Co. Ltd., and iBwave Solutions Inc..

When was Corning founded?

Corning was founded in 1851.

What is Corning's official website?

The official website for Corning is www.corning.com.

Where are Corning's headquarters?

Corning is headquartered at ONE RIVERFRONT PLAZA, CORNING NY, 14831.

How can I contact Corning?

Corning's mailing address is ONE RIVERFRONT PLAZA, CORNING NY, 14831. The electronics maker can be reached via phone at 607-974-9000 or via email at [email protected]


This page was last updated on 6/15/2021 by MarketBeat.com Staff
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